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our conversation in washington we talk about it being a tax event and only tax event. but the impact on unemployed people will be dramatic. the impact on those americans who don't pay a lot of income tax but benefitting from the extra two points of payroll relief, may not be dramatic but noticeable. this country could go into a recession. what's going on in this discussion is richard nixon's old madman theory, each side trying to persuade the other that it's just crazy enough to blow up the world. >> erick, quickly, you say it's better to go over the cliff than accept what the president's offered? >> yeah. i absolutely think so. the republicans unfortunately for people like me are willing to raise taxes to the tune of $800 billion. the democrats want to argue with them over the mechanism. and it's the mechanism that would hurt small businesses. the republican negotiating hand winds up being a little better on the other side. the fiscal cliff is the maximum of what ghkts want. you've got howard dean saying we need to raise taxes on everybody, not just the rich. steny ho
our conversation in washington we talk about it being a tax event and only tax event. but the impact on unemployed people will be dramatic. the impact on those americans who don't pay a lot of income tax but benefitting from the extra two points of payroll relief, may not be dramatic but noticeable. this country could go into a recession. what's going on in this discussion is richard nixon's old madman theory, each side trying to persuade the other that it's just crazy enough to blow up the...
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nobody even knew what the alternative minimum tax was 8, 9 years ago. now more and more americans, millions are susceptible to it. if you have to patch it for another year, i would hope to get a final solution to that situation very, very shortly because we cannot have that anxiety hanging over folks as they go to pay their taxes in february and march of next year. >> absolutely. another issue, i guess, that is seen as a complication but one that must be addressed the president says, the debt ceiling. i want to play what senator mcconnell has said regarding the president and the portion of his proposal that included the debt ceiling. let's play it. >> the last person who should have limitless borrowing power. look, the only way we cut spending around here is by using the debate over the debt limit to do it. >> i bet you don't agree with that? >> i don't agree with that. we've seen what happens. we've been brought to the brink and don't want to go back to 1995 when the folks walked out and government was shut down. what did we accomplish? i think even mr
nobody even knew what the alternative minimum tax was 8, 9 years ago. now more and more americans, millions are susceptible to it. if you have to patch it for another year, i would hope to get a final solution to that situation very, very shortly because we cannot have that anxiety hanging over folks as they go to pay their taxes in february and march of next year. >> absolutely. another issue, i guess, that is seen as a complication but one that must be addressed the president says, the...
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he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to
he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this...
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keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season,
keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us...
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tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you understands like a lot of money -- $1 million sounds like a lot of money until you start looking at family farms. farmers have a lot of assets such as land, buildings and livestock. those things are worth a lot of money for purposes of calculating the value of someone's estate. but they aren't liquid assets. you can't just spend a tractor. once a mom or dad dies in the farm family, the i.r.s. wants the death tax paid within nine months. the taxes collected -- though it is calculated on the big valuations fo
tax. today this tax -- also known as the estate tax -- is set up at a top rate of 35%, with an exception for the first $5.1 million of the estate's value. well, those are the levels that congress set and the president agreed to in 2010. a republican house of representatives, democrat senate, as well as the president -- democrat in the white house. 2010. those are th levels are now setp dramatically to a top rate of 55% with an compe exemption fort the first $1 million. $1 million as you...
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rate compensated up to forty percent of the way you generate tax payers to be. here and everything. work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and services you see the variety listed on. web site they to partner up with private firms now last year unicorns revenue reached nine hundred million dollars as far as private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are traded on the new york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise don't have to. keep. large prison populations and harsh sentences result in greater profits america's thre
rate compensated up to forty percent of the way you generate tax payers to be. here and everything. work in prison is mandatory and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or private one for a minimum wage or for around six dollars a unit cory's a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of products and...
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i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so divided. especially for my generation. we're the ones that are going to be handed down the $60 trillion deficit. they will come to a deal. but right now, it's political theater. and it's probably going to look like the simpson-bowles. that will come full-circle again. >> here's a problem the republicans have got themselves into. is obama has been very clever here, the president. i think what he's done is skillfully said to the public, if he goes over the fiscal cliff, the republicans are prepared to make the entire middle class to pay more tax
i want to be paying more taxes. i want our taxes to go to serve the policies of the country, education, charity, health care. i think that president obama's right about this. but i think compromise is going to be necessary to achieve some result. >> let me bring in abbe. your father is known as a moderate republican and a good dealmaker, a man who used to negotiate. what do you make of this? and what does he make of this? >> i think morale is so low right now. the country's so...
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host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller: a quick question about the comments of the 401(k). i used to work for a cpa firm. i understand they are income tax deferred instruments. when you take it out, the tax you pay is income tax. the assumption is the rate would be lower. let's say the rate is 25% when you retire. that is higher than the current cap gains tax rate. it does not apply to 401(k)'s or any other income tax deferred instrument. when you take them out, you pay taxes on them. guest: that is correct. you pay income tax and presumably when you retire, you are at a lower tax rate and that is the
host: the estate tax or the capital gains tax? guest: the estate tax. host: if it's an asset, you pay capital gains. guest: right. host: we have this comment on twitter from james. guest: corporations would say the businesses are already being taxed. folk should not be taxed for investing in their business. host: double taxation. guest: that is the argument. when people die, they are being taxed again. that is the essence of the argument against the estate tax. host: can you start over? caller:...
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if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're spending too much money, not because we're taxing too little. >> greta: mayor, i don't know if i could find one american, maybe i can, maybe there are a lot out there who think you can cut a deal now with the promise that something is going to be done down the road by the government. i don't know anyone who would ever believe such a promise. i don't expect that the republicans would accept that offer from the president. i just don't see that as ever happening in the city. let me ask you -- >> i'm sorry. republicans basically have to say our principles here are correct. our whole analysis of the econom
if that means extending the bush tax cuts until both things happen, in other words, whatever tax increases take place take place, whatever expenditure reductions take place at the same time. i simply wouldn't trust the president with any kind of deal where you give him revenue increase now, and he gives you an expenditure reduction a year from now. i don't think you'll ever see the expenditure reduction and rush limbaugh's comment is absolutely correct. our country is in trouble because we're...
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and if you've got taxes on your income we're getting bad get ready for this uncle sam is looking for ways to fix the student debt crisis by taking money right out of borrowers paychecks a new solution to an old problem coming up. good evening it's wednesday december fifth eight pm in washington d.c. i'm christine freeze out and you're watching our team let's begin this evening with what happened yesterday in a vote of ninety eight to zero the senate passed the national defense authorization act of two thousand and thirteen after five days of debate and hundreds of amendments considered many within the senate were proud of the progress made and of the bipartisan support the bill got something frankly that's been rather rare and capitol hill these days the bill now has to house senate conference committee where it will be discussed and differences between the house version of the bill hammered out however what exactly is within those six hundred sixty eight pages well some of it might surprise you archie's liz wahl explains. the national defense authorization act or the n.p.a. as it's
and if you've got taxes on your income we're getting bad get ready for this uncle sam is looking for ways to fix the student debt crisis by taking money right out of borrowers paychecks a new solution to an old problem coming up. good evening it's wednesday december fifth eight pm in washington d.c. i'm christine freeze out and you're watching our team let's begin this evening with what happened yesterday in a vote of ninety eight to zero the senate passed the national defense authorization act...
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we were paying taxes. there was a little law that was only used once on me, i think a paraphernalia law that said it was illegal to ship paraphernalia across state lines. that made it a federal offense. by the way joe biden wrote the law. >> cenk: i hope you're right. biden and obama don't have a great record on this. let's bring in a different point of view. you and i agree we're optimistic about the laws that we hope it goes in the right direction and spreads across the country. i'll bring in sandra, a member of colorado concern. i don't believe she shares our point of view. what is your take on legalizing marijuana in colorado. >> good evening cenk, happy to be here. i represent the business community, and we're very concerned about the passage of amendment 164 and it's implication for business and for colorado. >> cenk: why? >> that's our concern. >> cenk: i don't get that? i guess if you represent the alcohol companies you might be worried about competition but why the business. >> we're concerned abo
we were paying taxes. there was a little law that was only used once on me, i think a paraphernalia law that said it was illegal to ship paraphernalia across state lines. that made it a federal offense. by the way joe biden wrote the law. >> cenk: i hope you're right. biden and obama don't have a great record on this. let's bring in a different point of view. you and i agree we're optimistic about the laws that we hope it goes in the right direction and spreads across the country. i'll...
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without raising tax rates. >> reporter: and the president today offered this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishi
without raising tax rates. >> reporter: and the president today offered this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is...
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if they do not find a compromise before the end of the year, taxes will gun for everyone. danielle notingham reports for the white house. >> reporter: house members left the capitol in the middle of the fiscal fight. they're notue due back -- not due back until next week. but house speaker john boehner is staying behind, ready to sit down and negotiate with the president. we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues on the table are going to come from guess who? the rich. >> reporter: they say if the bush-era tax cuts aren't extended for everyone, it will hurt everyone. and they invited people here to make their point. >> reporter: max olson opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payrolls, plus an extra tax amount, then i may not be able to hire them because of it. >> reporter: pres
if they do not find a compromise before the end of the year, taxes will gun for everyone. danielle notingham reports for the white house. >> reporter: house members left the capitol in the middle of the fiscal fight. they're notue due back -- not due back until next week. but house speaker john boehner is staying behind, ready to sit down and negotiate with the president. we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican...
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we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again, i think the speaker's right on in terms of the proposal he's put out there. most importantly, he couples it with something the president doesn't, which is really significant spending cuts and entitlepment reform. but if we solve the tax problem for 98 ps% of the american people, continue to fight for the other 2%, to not raise rates, that seems to me we move closer it toward that spending and entitlement debate and i think that's something that the president and the democrats in general are trying to avoid. >> senator, tom coburn was on "morning joe" alongside you today and he has -- he's willing to make a deal that does involve the higher rates for the wealthy. why not go there? the president has made it clear it just is not enough money
we don't think their taxes should go up. to me since that's a point of agreement and doesn't affect either side's negotiating position on the other issues we ought to remove it from the table. make sure most americans don't have to worry about their taxes going up. having said that, again, i think the speaker's right on in terms of the proposal he's put out there. most importantly, he couples it with something the president doesn't, which is really significant spending cuts and entitlepment...
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is a massive burden both in terms of tax amount of money they have to pay to the e.u. each year and of course its regular burden trade links will always continue will always be buying german cars or french wine and french cheese and and will be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union that will see so we can drastically reduce that we don't really need to be run by brussels and needs to be appeased you need to this country what to do we are big enough to manage our own affairs. israel has dismissed a un resolution calling on it to open up its nuclear facilities for inspection as a meaningless and mechanical vote the general assembly overwhelmingly back to proposal calling on israel to join the nuclear nonproliferation treaty is or was never officially admitted it possesses atomic weapons although few doubt it is fully armed as all reports it's a story that has all the ingredients and intrusion of a hollywood blockbuster nu
is a massive burden both in terms of tax amount of money they have to pay to the e.u. each year and of course its regular burden trade links will always continue will always be buying german cars or french wine and french cheese and and will be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union that will see so we can drastically reduce that we don't really...
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not your income tax, not your payroll tax, not your capital gains tax. not any of your taxes. the article goes on. this man's firm pledges aren't worth too much, are they? it's worth -- if only to marvel at the sheer hypocrisy. congressional budget office determined that millions of americans will bet socked by the obamacare mandate. 80% of whom are middle income citizens. nearly six million americans, significantly more than first estimated, will face a tax penalty. under president barack obama's health overhaul for not getting insurance. congressional analysts said wednesday. most would be in the middle class. the new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see as broken promises. and the budget office analyst -- analysis found that nearly 80% of those who will face a penalty will be making up to or less than five times the federal prompt level. currently that will work out to $55,50 or less for an -- 55,050 or less for an vidge or average penalty about $1,200 in 2016. and it goes on to point out c.b.o. has also said there
not your income tax, not your payroll tax, not your capital gains tax. not any of your taxes. the article goes on. this man's firm pledges aren't worth too much, are they? it's worth -- if only to marvel at the sheer hypocrisy. congressional budget office determined that millions of americans will bet socked by the obamacare mandate. 80% of whom are middle income citizens. nearly six million americans, significantly more than first estimated, will face a tax penalty. under president barack...
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nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a different position than he has now. play that sound for everybody so they can remember. sorry. it's a full screen. i will read the quotation. what we said was give us $1.2 trillion in additional revenues which could be accomplished without hiking tax rates but simply accomplished by eliminating loopholes, some deductions and engaging in a tax reform process to lower rates generally while broadening the base. that is different from where the president is at now. is there currency to the republican argument that the president has moved the g
nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a...
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is a massive burden both in terms of tax amount of money you have to pay to be due each year and of course it's a big burden the trade links will always continue we'll always be buying german cars or french wine or french cheese and and we'll be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will cease or we can drastically reduce that we don't really need to be run by brussels and needs that you should be you need to the country what to do we are big enough to manage our own affairs. some other international news in brief in our typhoon bopha which is currently battering the philippines has claimed more than two hundred eighty lives tens of thousands fled their homes as the storm rolled across southern and central areas cutting off power into entire provinces rescue teams are working the worst areas but it's clear the number of casualties will rise the storm is expected to move into the self china sea on thursday. served as ambassador to nato. has
is a massive burden both in terms of tax amount of money you have to pay to be due each year and of course it's a big burden the trade links will always continue we'll always be buying german cars or french wine or french cheese and and we'll be selling to them financial services and other goods that we make in britain so that won't change course what will change is that the money that britain has to hand over to the european union will cease or we can drastically reduce that we don't really...
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impose a sales tax on wall street call it the wall street sales tax i think that makes a lot of sense there was one between one thousand nine hundred sixteen and one nine hundred sixty six there was a very small wall street sales tax new york state still has a wall street sales tax but they give it back they give it back to the banks because the banks say don't you dare tax us so we'll go to jersey so they they they well they caved in there's also there is still right now today a tiny tiny tax on wall street turnover it's point zero zero zero zero something or other and that goes to finance the securities and exchange commission so there's no doubt about the constitutionality it's easy to collect the stuff has to go across exchanges or be enforced in the court. and the amount well the turnover is in the quadrillions six to seven quadrillions of derivatives stocks bonds you put a one percent tax on that your revenue enhancement is probably in the area of many trillions. we don't know how many trillions because obviously the speculation was going to go down it just shows you how the nar
impose a sales tax on wall street call it the wall street sales tax i think that makes a lot of sense there was one between one thousand nine hundred sixteen and one nine hundred sixty six there was a very small wall street sales tax new york state still has a wall street sales tax but they give it back they give it back to the banks because the banks say don't you dare tax us so we'll go to jersey so they they they well they caved in there's also there is still right now today a tiny tiny tax...
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cut the tax rate for the richest people and take money away. is not the way to grow the economy we are heading for an extended period of. the stagnation and. thank you very much for joining us but also save us a little because the concern has he said there on picking say the thing is that the one thing cutting through all the waste and says it's enough that the k. is going to be set to have to place itself but even tough because of the even whole austerity. sara thanks a lot sort of live from london and we have more from the u.k. head for you this hour with a look at how london has voiced what many brits have long been thinking and the news continues financial crisis the head of the british capital urged the u.k. to hold a referendum over the country's membership making an exit and likely prospect of more nuts and other stories after a short break. tucked in between the russian mainland japan and the sun coming island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'
cut the tax rate for the richest people and take money away. is not the way to grow the economy we are heading for an extended period of. the stagnation and. thank you very much for joining us but also save us a little because the concern has he said there on picking say the thing is that the one thing cutting through all the waste and says it's enough that the k. is going to be set to have to place itself but even tough because of the even whole austerity. sara thanks a lot sort of live from...
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without raising any taxes. but the fact of the matter is i know the gentleman has historically not felt tax cuts should be paid for either by reducing it or offsetting. the president doesn't agree with the $800 billion because he doesn't think the math works. i share the president's view. the math doesn't work. the most useful effort will be if we all agree on the onive -- objective, whether it's $4 trillion, whether it's 70% debt to g.d.p. ratio which most economists or a little less than that is sustainable or is on a sustainable path. if we all agree with the objective and then, mr. majority leader, simply make the math work to get there on a way that we could agree on, i think america would be advantaged, the economy would be advantaged and we'd see a renaissance of job creation in this country as we did in the 2000's. and i'll be glad to yield to my friend. mr. cantor: i accept the gentleman's good intentions. i know he doesn't think that we ought to be imposing additional obligations on the american peopl
without raising any taxes. but the fact of the matter is i know the gentleman has historically not felt tax cuts should be paid for either by reducing it or offsetting. the president doesn't agree with the $800 billion because he doesn't think the math works. i share the president's view. the math doesn't work. the most useful effort will be if we all agree on the onive -- objective, whether it's $4 trillion, whether it's 70% debt to g.d.p. ratio which most economists or a little less than that...
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they don't mind taxes. you've got a different dynamic just because who is willing to go through the deadline? >> errol, the president will meet with those ceos. how many will look and say, you know what, hey, buddy, you stink at running negotiations. will you get into a room and work this out? enough of this public posturing. it's absurd. >> they won't say it to his face obviously. >> they'll tell it to other people. they ought to. >> when you're in the beltway, in the bubble, you realize things aren't quite as simple as all of that and things have to go through. there is this tremor, i think, going through state and local governments as well as the business community, what if they don't get it together? i think that's what they're going to convey. >> and you wonder why isn't the president playing the adult and saying let's get in a room now? why the posturing. when we come back, there was a lot of republican branding going on yesterday, happened somewhat accidentally, somewhat on purpose. trivia we ask, na
they don't mind taxes. you've got a different dynamic just because who is willing to go through the deadline? >> errol, the president will meet with those ceos. how many will look and say, you know what, hey, buddy, you stink at running negotiations. will you get into a room and work this out? enough of this public posturing. it's absurd. >> they won't say it to his face obviously. >> they'll tell it to other people. they ought to. >> when you're in the beltway, in the...
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tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much. i wasn't chained in any way. >> no, he didn't call you co comical. >> you were not chained. >> old time memories. >> okay. >> senator claire mccaskill coming up next, joins us in washington. also cokie roberts. first to bill karins in new york. he has a check on the forecast. bill? >>> good morning to you, joe. we can say good-bye to those late summer/early fall like temperatures. the cold front is heading through neng neck and soon areas of the mid-atlantic. temperatures have fallen a little bit. watching chicago, much colder right now this hour than yesterday at this time at 27. so the midwest has returned to normal. the east coast, blustery weather will arrive during the aft afternoon. on that cold front we've had a li
tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much. i wasn't chained in any way. >> no, he didn't call you co comical. >> you were not chained. >> old time memories. >> okay....
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is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. he says make a shift in the geography of the middle east is now on the horizon what they're discussing next on the future of an independent kurdish state. fifty feet it's. easy to. see. wealthy british style scientists are not on the tireless. market why not. find out what's really happening to the global economy with much cause or there are no holds barred look at the
is a massive burden both in terms of tax amount of money you have to pay to be you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the year you remember the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of u.k. and union telling this country what to do we're big enough to manage our own affairs the...
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is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the a you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we are big enough to manage our own affairs the economic evidence is really pointing towards if it were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. the fiscal cliff of american politics and just what it bodes for all of us that's up next well our lester. download the official ati application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch all its hear all you need is your mobile device to watch ati any time of the. wealthy british styl
is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the a you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we are big enough to manage our own...
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a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we'll talk about it later. after they put forth that sweet deal, this was the reaction from the beltway's conservative class. this is genius. sadly, this plan leaves conservatives wanting. wanting what exactly? the declaration that mitt romney is actually president? wanting what? a pony? there's a conservative guy who didn't get his pony. let's add the pony. how are you happy? still not happy? this is a game. republicans put forward an offer in which they get everything they want. democrats get nothing, even though democrats won the election. then the republicans have the people on their own side squawk and
a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future....
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or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set of demands to the country's president mohamed morsi aimed at scrapping his latest political drives this follows a fierce standoff outside the presidential palace in cairo which reportedly falls they gyptian lead it to flee the building cairo based reporter belcher has more cars. i was that in the march tenth out of tens of thousands of protesters coming from various locations in cairo converging in front of the presidential palace in a suburb of cairo when they got there they were greeted by police behind barbed wire and really i mean speaking of the protesters they felt like they wanted to protest the
or draw a bill that could give the government taxes to people that are serious response and privacy concerns with how the secretary labeling everyone opposed to terrorists and paedophiles. under these rope of yours they were brought to you on polls to reveal the truth about its nuclear program worth using top knowledge and other topics weapons on it it does the. international news life or this is all she was me you national politics for joining us opposition groups in egypt how we should a set...
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that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating standpoint. we had the super committee that failed, now we have the fiscal cliff, right? and if those sorts of deadlines aren't enough to get a deal, if you actually were -- were going to break with your own party or say go ahead, we'll extend them for the middle class, do you actually think that you would be able to negotiate a deal where they didn't go up on the top 2% at the beginning of the year? >> you might be able to negotiate that deal. again, i think a lot of people misunderstand, you know, what's happening with the 98%. number one, i don't think you ever ought to use the american people as, quote, l
that is 98% of the american people, getting about 80% of this tax cut shouldn't have their taxes raised. so my suggestion -- it was delivered, by the way, in private and leaked and put in public. but that's fine. i mean, it's certainly what i said. my suggestion was let's take the one area that we agree and take it off the table. >> and -- but just to be clear, though, you actually think -- because this is when i saw your comment what i was so curious about, just from a negotiating...
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trying to build that government to people's taxes he's promised privacy concerns secretary labor and everyone labeling everyone else to terrorists beat up my. feet no one should be proud of heaps of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the spitzbergen archipelago don't make a pretty picture of the guiding principle here is the worst the better that can do nine hundred eighty s. bearings work was a burgeoning mining community. union was determined to maintain at all costs. half way between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. it is essentially a picture of what would have happened to the soviet union if it was cut off from any financial support for two decades it's a curious site for western tourists and
trying to build that government to people's taxes he's promised privacy concerns secretary labor and everyone labeling everyone else to terrorists beat up my. feet no one should be proud of heaps of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the spitzbergen archipelago don't make a pretty picture of the guiding principle here is the worst the better...
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is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs the economic evidence is really pointing towards if britain were to leave the european union it would be actually help the british economy it would actually help our economy to grow and it would reduce the burden on the british taxpayer. brief look at other news from around the globe now the death toll from time food which is currently battering the philippines has climbed to over one hundred turns up thousands have have fled their homes as the elements rolled across southern and central areas into entire province as rescue teams are working in areas but it's fears the number of casualties will
is a massive burden both in terms of tax amount of money you have to pay to the you each year and of course it regularly treat burden trade with other businesses individuals on the continent will always continue whether we're in the you whether we're out of the you remember of the european economic area britain has global trading links we don't really need to be run by brussels and the institutions of the european union telling this country what to do we're big enough to manage our own affairs...